This feature is unavailable at the moment.
We apologize, but the feature you are trying to access is currently unavailable. We are aware of this issue and our team is working hard to resolve the matter.
Please check back in a few minutes. We apologize for the inconvenience.
- LoopNet Team
W Levi Ave
Las Vegas, NV 89141
89 Units Fully Entitled with approved Permits · Land For Sale
·
5.00 AC
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 5.00 AC |
| Property Subtype | Residential | Cross Streets | El Camino Rd |
| Proposed Use | Multifamily | ||
| Zoning | R-3 | ||
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Multifamily |
| Total Lot Size | 5.00 AC |
| Cross Streets | El Camino Rd |
| Zoning | R-3 |
DESCRIPTION
Marcus & Millichap is please dot present the opportunity to acquire 5 acres of land entitled for 89 multifamily units in southwest Las Vegas. This land is on the border of the Southern Highlands Master Planned Community, know to be one of the most desirable residential communities in Southern Nevada. With a prime proximity to both Interstate 15 and 215 this development will offer its residents easy access to the entire Las Vegas Valley. This property is within walking distance to Desert Oasis High School, Frias Elementary School and just a short drive to Tarkanian Middle School. The property is also in close proximity to nationally branded retailers including: Smiths Food & Drug, Starbucks, Bank of America, McDonalds, Taco Bell, Walgreens, Ace Hardware (amongst many others). This land offers a prospective developer the opportunity to step into the current ownership’s shoes (who is moving abroad), who has already finalized architectural plans and entitlements, and begin development on what is sure to be an amazing 89-unit multifamily development as soon as final permits have been issued. With the rental market on the rise and the housing market continuing to peak, the developer will have the opportunity to maximize their return on investment or realize an immediate return renting out the completed units or selling once the project has been stabilized.
